condo sales toronto

Condo sales in Toronto just hit a new record

Someone is clearly buying all those condos because condo sales in Toronto hit a 15-year record high last month.

The Building Industry and Land Development Association reported that condos sales were the highest they've been in the 15 years since it began tracking data for the GTA.

Of the incredible 5,377 new homes sold in October, the vast majority, about 91 per cent, were a mix of condo apartments in low and mid-rise buildings, multi-family homes, and stacked town homes.

This is partly due to both the scarcity and appreciation of low-rise, single family homes, which comprised the remaining 9 per cent of sales last month.

So far this year, 39,476 new homes have been sold in the GTA, 82 per cent of them condos in high and low-rise buildings and stacked town houses, averaging about $677,456 a pop.

By comparison, single-family homes averaged about $1.22 million, up a smidgen (0.9 per cent) from September.

Lead photo by

twurdemann


Join the conversation Load comments

Latest in City

Here's the list of all streets in Toronto that could get dedicated transit lanes

A church in Toronto is taking requests for prayers and people have a lot to say

Multiple families fighting against eviction from Toronto apartment complex

A raccoon prepared for lockdown this week by visiting a Toronto Best Buy

Ontario just passed a bill to make Daylight Saving Time permanent

10 options for Christmas tree delivery in Toronto

A neighbourhood in Toronto is now filled with inflatable holiday llamas

New report shows Ontario's COVID response not actually led by chief health expert